— THE GRESB INFRASTRUCTURE FUND ASSESSMENT —
The Investor-driven Global ESG Benchmark for the Infrastructure Sector
The Infrastructure Fund Assessment assesses the ESG performance of infrastructure funds.
Institutional investors are demanding information about the ESG management and investment processes undertaken by fund managers. The Infrastructure Fund Assessment addresses this need through a consistent, globally applicable reporting and benchmarking framework.
What is the GRESB Infrastructure Fund Assessment?
The GRESB Infrastructure Fund Assessment provides the basis for systematic reporting, objective scoring and peer benchmarking of ESG management and performance of infrastructure funds around the world. The process is unique in the ESG space and leads to deep data insights for investors and infrastructure fund managers.
The Fund Assessment contains ten indicators focused on management and investment processes. These indicators address foundational ESG plans and policies, leadership and accountability, engagement strategies, communications processes and other factors.
Additionally, the fund’s underlying assets may participate in the complimentary Infrastructure Asset Assessment. While the participation of underlying assets is not required, funds participating with at least 25% of assets will receive an overall GRESB score and be allocated to a corresponding peer group.
The data are subjected to a multi-layer validation process and the result is high-quality data that investors and participants can use in their investment and decision-making processes.
What type of funds does the GRESB Infrastructure Fund Assessment cover?
The GRESB Infrastructure Fund Assessment is designed to assess funds across a wide range of sectors and sub-sectors, including energy generation, energy transmission, water resource management, transportation and social infrastructure.
Common examples of infrastructure funds participating in the GRESB Infrastructure Fund Assessment include:
• A sector-focused fund with investments in toll roads
• A geographic-focused fund with investments in a specific region, such as North America or Oceania
• A segregated account that is globally diversified offering exposure to several sectors
Benefits of Participating
|Improved ability to manage your infrastructure fund in the face of sustainability risks.||Insight into how to best capitalize on sustainability-related opportunities such as lowering operating costs and meeting regulatory requirements.|
|Clearer picture of your ESG performance and how it compares against your peers.||Better understanding of the actions you can take to improve your ESG performance in the most efficient way.|
|Greater knowledge of investor needs and perspectives to enrich your investor engagement.||Improved opportunity to attract new investors, including long term investors and investors seeking more comprehensive risk and opportunity analysis.|
|Reduced time and effort needed to respond to ad-hoc requests relating to sustainability issues.||Ability to report validated ESG performance information to the market using a global industry standard.|
|More consistent messaging about your sustainability performance to your stakeholders.||Recognition that you have taken a significant step towards leadership on ESG issues.|
GRESB Infrastructure Investor Members
The Assessment provides a communication platform to improve engagement with investors and enables participants to report validated ESG performance information in a format and language that serves their needs.
The Assessment follows a regular annual timeline, with the Portal opening on April 1 each year. Participants complete the Assessment by reporting through the Portal. Prior to finalizing their submission, participants are given the opportunity to request a Response Check to minimize the risk of errors.
The submission deadline is July 1, which provides participants with a three-month window to complete the Assessment. Once all Assessments have been submitted and the Portal has closed, GRESB begins the process of validating, scoring and benchmarking the submitted data:
GRESB has established a robust data validation process to underpin the accuracy and reliability of its output. It is based on a three-layer data quality control process designed to ensure submission of high quality information. The approach to validation was developed by PwC and involves third party verification by GBCI.
2. Objective Scoring
The GRESB Scoring Model is based on an automated system, which uses a technology platform designed for GRESB by a third party that specializes in data analysis software development. The scoring is completed without manual intervention after data input.
3. Peer Benchmarking
Peer comparisons that take into account country, regional, sectoral and investment type variations provide a powerful lens through which to benchmark performance. Each participant is assigned to a peer group, based on the entity’s legal structure (listed/private), sector and geographical location.
All participants receive a Scorecard with a summary of their sustainability performance. GRESB Members have access to additional analytical tools and services that provide a more in-depth analysis of performance as well as preferential marketing, industry recognition and networking opportunities.
First-time participants can choose to not have their GRESB results disclosed to their investors. This is referred to as a “Grace Period”.
Powerful Analytical Tools and Services
GRESB analytical tools and services allow you to measure, benchmark and improve your ESG performance, engage with GRESB Investor Members and gain recognition from your stakeholders.
Provides you with an individual GRESB score, a breakdown of your ESG performance and an analysis of how your performance compares to your peers.
Gives an in-depth analysis of your sustainability performance and a detailed indicator-level comparison with peers. The design of the report allows you to review variances in your performance to the peer group, identify issues and opportunities, and to make business decisions.
A three-layer, end-to-end validation process provides an important element of quality control and underpins the accuracy and reliability of the results.
Customized Benchmark Report
Provides advanced analytics through alternative performance comparisons and rankings based on a self-selected peer group.
Portfolio Analysis Tool
Allows you to compare your aggregated portfolio to a self-selected benchmark, based on region, sector and structure. This online tool provides added value for fund managers that participate with several entities by comparing the relative performance of each fund.
A high-level check of a pending response to ensure that you minimize errors that could impact your Assessment results.
Provides an in-depth understanding of the validation, scoring, and analysis process leading to the allocation of points for individual indicators, determining the results as presented in the Benchmark Report.
Dedicated to helping you complete your Assessment smoothly and efficiently. The GRESB team is on hand to answer any questions you may have about completing the Assessment.
The “Guidance” tab in the Assessment Portal provides you with clear blueprints for completing the Assessments and improving performance in the future. This guidance is also provided in the Assessment Reference Guide, available as a downloadable PDF.
Streamlined Reporting Tools
Allow more streamlined reporting by pre-filling information already provided in previous years, real-time error detections and the document library.
The template tool enables responses to be copied across multiple submissions.
Addresses the fundamental ‘how to’ and ‘what’ of the GRESB Infrastructure Assessment. The session also presents the Assessment’s scope, processes and scoring components.
Data Insights Training
Focuses on the interpretation of the annual Assessment results and the reporting and benchmarking tools available to Infrastructure investors, companies and fund managers.
GRESB Advisory Bodies
Opportunity to sit on Advisory Boards and join Industry Working Groups to inform the future content of GRESB Assessments.
Recognition in the Member Directory, in the GRESB Portal and in GRESB’s guidance materials. Participants can also use the GRESB logo in outreach efforts.
Eligibility to attend and speak at GRESB events for networking, relationship building and marketing opportunities.
Opportunity to contribute articles and case studies to GRESB Insights to share sustainability best practices and leadership with the industry.
Levels of Participation
You can choose to submit the Assessment as a non-member or submit the Assessment as a GRESB Member. GRESB Members have access to additional analytical tools in the Member Portal, a free Response Check as well as preferential marketing, industry recognition, and networking opportunities. Membership benefits apply to all reporting entities.
|Benchmark Report||EUR 3,000|
|Customized Benchmark Report||EUR 1,250 |
(only available in combination with Benchmark Report)
|Portfolio Analysis Tool|
|Response Check||EUR 1,250||Free of charge for one entity.
Additional available EUR 850
|Results Review||EUR 1,250||Discounted at EUR 850|
|Streamlined Reporting Tools|
|Assessment Training||EUR 450||Free of charge for one attendee|
|Data Insights Training||EUR 550||Free of charge for one attendee|
|GRESB Advisory Bodies||Eligible to participate|
|GRESB Events||Preferential attendance and eligibility to speak|
|GRESB Insights||Opportunity to contribute articles and case studies|
|Participation Fee: Free||Annual Fee: EUR 5,400 - 21,600 (USD 6,300 - 25,200)
View the GRESB Member fee schedule